eBay (NASDAQ:EBAY) Reaches New 52-Week High - Time to Buy?

eBay Inc. (NASDAQ:EBAY - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $70.86 and last traded at $70.84, with a volume of 4249226 shares trading hands. The stock had previously closed at $63.17.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EBAY shares. JPMorgan Chase & Co. cut their price objective on shares of eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. StockNews.com downgraded shares of eBay from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Stifel Nicolaus boosted their price objective on shares of eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Barclays cut their target price on eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Finally, Piper Sandler boosted their price target on eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $62.92.

eBay Price Performance

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business's 50-day moving average price is $62.70 and its two-hundred day moving average price is $60.35. The firm has a market cap of $33.24 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 2.20 and a beta of 1.35.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.56%. eBay's dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares of the company's stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares of the company's stock, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,283 shares of company stock worth $1,715,462. Corporate insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On eBay

A number of large investors have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of eBay in the 3rd quarter worth approximately $36,000. USA Financial Formulas bought a new stake in eBay in the third quarter valued at $38,000. Northwest Investment Counselors LLC acquired a new position in shares of eBay during the third quarter valued at $50,000. Versant Capital Management Inc boosted its holdings in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after acquiring an additional 448 shares during the period. Finally, Financial Management Professionals Inc. grew its position in shares of eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company's stock worth $55,000 after acquiring an additional 621 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.